A Quick Grid of Overseas ETFs and Trends

By studying a quick chart grid, technician Corey Rosenbloom, of AfraidToTrade.com, points out that it is relatively easy to highlight the strongest and weakest country ETFs, even with trends shifting and reversing.

With trends shifting and reversing across global markets, let’s step back and take a quick look at a simple chart grid of country ETFs and note signs of relative strength or weakness.

Here’s the chart grid:

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The grid above only highlights the MSCI iShares Exchange Trade Funds (ETFs) so be sure to go beyond this grid for a more complex picture of international markets.

Here’s a grid to identify the symbols and countries represented above (you can use this grid as a reference):

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Just by studying the quick chart grid above, let’s highlight the strongest and weakest country ETFs.

I highlighted the ‘relative weakness’ in red to represent trends where price is at or very new new 2014 lows.

Also, note that virtually all country ETF funds listed above peaked in mid-2014 and have been trending lower.